Economics Asked by Pascal Dufresne on March 11, 2021
This is the press release for a recent 30-Year bond auction results:
https://www.treasurydirect.gov/instit/annceresult/press/preanre/2020/R_20201112_5.pdf
I cannot figure out how the price is calculated. It is not the coupon divided by the yield. So what is it?
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